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GGRAsia – Macau govt, analysts tip May Day bounty at casino resorts


The average nightly occupancy rate for Macau hotels – including properties in casino resorts – could reach “70 percent to 80 percent” during the upcoming Labour Day break in May, indicated a Macao Government Tourism Office (MGTO) senior official on Tuesday, citing the latest hotel room booking data from the industry.
The holiday season encompassing Labour Day on May 1 was likely to “emerge as the best” for the Macau tourism “since the pandemic” started, early last year, said MGTO deputy director Cheng Wai Tong, in comments to the local media on the sidelines of a Tuesday event.
The latest forecast on average nightly occupancy for the Labour Day break is higher than that previously mentioned by a fellow MGTO official on Friday. That person said hotels might be “40 percent to 50 percent” full during the holiday period. ....

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Kuaishou to raise $5.4b from HK public offering


Kuaishou to raise $5.4b from HK public offering
By FAN FEIFEI |
China Daily |
Updated: 2021-01-27 09:04
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A passenger checks out a Kuaishou poster at a subway station in Beijing on Jan 10. [Provided to China Daily]
Kuaishou Technology said on Tuesday that it plans to raise as much as HK$42 billion ($5.42 billion) via its initial public offering on the Hong Kong bourse, as the short video company is speeding up monetization efforts amid rising competition from its peer Douyin, an app developed by Beijing Byte-Dance Technology.
Kuaishou has priced its IPO on the Hong Kong stock exchange, and will issue 365.2 million shares each priced between HK$105 and HK$115, according to a prospectus released by the company. ....

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